Apex Trader Funding - News
Snap Stock Sinks On Q2 Earnings: Revenue Miss, EPS In Line, DAUs Up 9% And More
Snap Inc (NYSE:SNAP) reported second-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the quarter.
Q2 Earnings: Snap said second-quarter revenue increased 16% year-over-year to $1.24 billion, missing the consensus estimate of $1.25 billion, according to Benzinga Pro. The social media company reported quarterly earnings of 2 cents per share, in line with analyst estimates.
Daily active users grew 9% year-over-year to 432 million. Monthly active users climbed to 850 million in the quarter.
Operating cash ...